Business Summary
The Williams Companies, Inc. is an energy company based in Tulsa, Oklahoma. Its core business is natural gas exploration, production, processing, and transportation, with additional petroleum and electricity generation assets. Williams operates as an energy infrastructure company, in gas marketing and the gathering, storing, and the processing of natural gas and natural gas liquids (NGLs). Other things that the company operates are refineries, ethanol plants, and terminals. Williams company which has pipelines all over the United States, which run through the Northwest, the Rockies, the Gulf Coast, and the East. The gas pipeline unit operates three major interstate pipeline companies (Transco, Northwest, and Gulfstream).
Williams Companies, Inc. has three main competitors which are, Exxon Mobile Corporation, El Paso Corporation, and Dynegy Inc. Which are all primarily engaged in the energy field.
History and major events.
Williams Companies was founded in 1908 by Miller and David Williams in Fort Smith Arkansas, which was called Williams Brothers at that time. The company expanded quickly and started building pipeline nationwide for natural gas and petroleum. Which then lead to the relocation in 1919. The company went public in 1957, and was renamed in the 1970s to The Williams Companies, Inc.
In 1966, Williams bought the largest petroleum products pipeline in America at that time, which was known as Great Lakes Pipe Line Company, for about 287 million. In 1983 the company expanded to natural gas transportation with the purchase of Northwest Energy Company and extended their reach to the east coast with the purchase of Transco Energy Company in 1995.
Williams expanded their gas reserves when the company acquired Barrett Resources in 2001. A year